What is Morgan Stanley's operating lease liability payments - thereafter (lessee)?

Morgan Stanley (MS) reported operating lease liability payments - thereafter (lessee) of $2.34B in Q4 2025.

What is the long-term trend for Morgan Stanley's operating lease liability payments - thereafter (lessee)?

Over 2 years (2023 to 2025), Morgan Stanley's operating lease liability payments - thereafter (lessee) has grown at a -5.9% compound annual growth rate (CAGR), from $2.64B to $2.34B.

Non-Current Liabilities

Operating Lease Liability Payments - Thereafter (Lessee)

Morgan Stanley Operating Lease Liability Payments - Thereafter (Lessee) decreased by 2.8% to $2.34B in Q4 2025 compared to the prior quarter. Over 2 years (FY 2023 to FY 2025), Operating Lease Liability Payments - Thereafter (Lessee) shows a downward trend with a -5.9% CAGR. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementBalance Sheet Statement

SectionNon-Current Liabilities

CategoryRisk

SignalLower is better

VolatilityStable

First reportedQ4 2023

Last reportedQ4 2025Feb 19, 2026

How to read this metric

A large amount indicates significant long-term fixed obligations, which may limit financial flexibility in the future.

Detailed definition

This represents the total cash payments expected to be made for operating leases for all years following the specified m...

Peer comparison

Standard disclosure; peers are compared to assess the magnitude of long-term fixed lease liabilities.

Metric ID: lease_liability_payments_thereafter_lessee

Historical Data

3 periods

	Q4 '23	Q4 '24	Q4 '25
Value	$2.64B	$2.41B	$2.34B
QoQ Change	—	-8.8%	-2.8%
YoY Change	—	-8.8%	-2.8%

Range$2.34B – $2.64B

Avg YoY Growth-5.8%

Median YoY Growth-5.8%

Current Streak2+ quarters decline

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Frequently Asked Questions

What is Morgan Stanley's operating lease liability payments - thereafter (lessee)?: Morgan Stanley (MS) reported operating lease liability payments - thereafter (lessee) of $2.34B in Q4 2025.
What is the long-term trend for Morgan Stanley's operating lease liability payments - thereafter (lessee)?: Over 2 years (2023 to 2025), Morgan Stanley's operating lease liability payments - thereafter (lessee) has grown at a -5.9% compound annual growth rate (CAGR), from $2.64B to $2.34B.
What does operating lease liability payments - thereafter (lessee) mean?: The total cash payments due for operating leases for all years after the specified medium-term period.